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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

ManagerGroupLogo
155 Bishopsgate, London, EC2M 3XY
020 7638 7928 (Fax Number)
084 5082 2479 (Main Number)

uk.sales@baring-asset.com

Fund managers

* Martin Majdaniuk»02-May-2007 to Present
* Matthias Siller»01-Jan-2009 to Present
Stuart Richards»01-Jul-2004 to 31-Oct-2006
Klaus Bockstaller»01-Jan-2000 to 01-Jun-2004


Investment objectives

The investment objective of the trust is to achieve long-term capital growth, principally through investment in Emerging European securities.

Key Information

Fund vs sector

  1y 3y
Position 1 / 2 1 / 2
Quartile 1 1

Fund ratings

FE Crown Rating: 0 FE
Crown Rating
(Quantitative)
(Small Sector)

Ratios

  1y 3y
Volatility 21.52 24.26
Alpha 5.33 0.95
Beta 0.98 1.03
Sharpe 0.40 -0.01
InfoRatio 1.58 0.19
R2 0.98 0.98
Quartiles:   1  2   3  4   help with ratios
vs. European Emerging Markets»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+36.8 +13.5 -13.4 -27.1 +13.9 +47.4 -48.2
  NAV +36.0+12.3-11.5-27.4 +13.7+46.3-46.1
  European Emerging Markets +29.9+11.0-21.6-29.4+21.1+50.2-53.0
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf BARING EMERGING EUROPE PLC UNIT 835.00 (p) 22-May-2013 -10.63 934.28 913.25
21-May-2013
100 1.92 1.92
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
BARING EMERGING EUROPE PLC UNIT LONDON 10 21,253,000 177.46 n/a n/a company announcements
Share identifiers: TIDM: BEE; SEDOL: 3227334; ISIN: GB0032273343
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched2002
Gross assets£198.6m / $299.4m
Sector European Emerging Markets
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsannual (Click to order)
Last report / accounts03-May-2013
Last AGM16-Feb-2012
Next AGMFebruary 2013
EGMn/a
Stockbroker(s)UBS
Management contractThe Investment Manager will be entitled to an annual management fee, calculated monthly and paid in arrears at an annual rate of 0.8 per cent. of the net asset value of the Company. In addition the Investment Manager will receive a performance fee which is payable at the rate of 10 per cent. of the amount by which the change in the Company's net asset value exceeds the change in the Benchmark. The performance fee will be capped at 0.6 per cent.of the net asset value of the Company on the first day of the performance period. Any outperformance in excess of this cap figure can only be offset against future under-performance.
Borrowing limitThe Company intends to arrange a loan facility to take advantage of short-term investment opportunities, but it is intended that the Company would only be geared when the Directors, advised by the Investment Manager, have a high level of confidence that gearing would add significant value. It is not intended that the Company raise long-term borrowings.
Continuation / Wind-up provisionThe Company has been incorporated with an indefinite life
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Eastern Europe Equity Mixed European Emerging Markets
Largest holdings, 31-Mar-2013
Holding (%) Rank Prev Holding (%) Rank Prev
LUKOIL OAO11.001(2)NOVATEK OAO4.406(6)
SBERBANK OF RUSSIA10.902(1)MOBILE TELESYSTEMS OJSC4.107(7)
GAZPROM OAO6.303(3)VTB BANK(JSC)3.808(8)
TURKIYE PETROL RAFINERILERI A.S.4.704(4)ROSNEFT OJSC3.209(9)
TURKIYE HALK BANKASI A.S4.505(5)MMC NORILSK NICKEL3.1010(10)
 Total56.00 
Regional weightings, 31-Mar-2013
Region (%) Rank Prev  
Russia 64.60 1 (1) 64.60% Russia
Turkey 17.80 2 (2) 17.80% Turkey
Poland 10.40 3 (3) 10.40% Poland
Others 7.20 4 (4) 7.20% Others
Total100.00 
Sector weightings, 31-Mar-2013
Sector (%) Rank Prev  
Energy 32.50 1 (1) 32.50% Energy
Financials 32.50 2 (2) 32.50% Financials
Materials 8.70 3 (3) 8.70% Materials
Telecommunications Utilities 6.40 4 (4) 6.40% Telecommunications Utilities
Consumer Staples 6.00 5 (6) 6.00% Consumer Staples
Consumer Discretionary 4.30 6 (7) 4.30% Consumer Discretionary
Money Market 2.70 7 (8) 2.70% Money Market
Industrials 2.50 8 - 2.50% Industrials
Health Care 2.00 9 - 2.00% Health Care
Information Technology 1.90 10 - 1.90% Information Technology
Utilities 0.50 11 - 0.50% Utilities
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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Asset allocation

Russian Equities, 64.60%
64.6000% ofRussian Equities
Turkish Equities, 17.80%
17.8000% ofTurkish Equities
Polish Equities, 10.40%
10.4000% ofPolish Equities
International Equities, 7.20%
7.2000% ofInternational Equities

Sector analysis

Charting

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